Nippon Steel notes 'minor difference' with Trump admin over golden share in U.S. Steel deal

[Manufacturing and cutting process of steel bars for machinery construction]
William Luque/iStock via Getty Images

* A minor disagreement remains between Nippon Steel (OTCPK:NPSCY [https://seekingalpha.com/symbol/NPSCY]) and the U.S. government over the authority of a golden share linked to its planned acquisition of U.S. Steel, the Japanese steelmaker’s president said on Thursday.
* Last week, the Wall Street Journal reported [https://seekingalpha.com/news/4496793-trumps-golden-share-blocks-us-steel-plans-illinois-plant] that U.S. President Donald Trump's administration had blocked U.S. Steel's plan to shut down production at one of its plants in Illinois, flexing its so-called golden share authority.
* "There is minor difference in views regarding the national security agreements and the authority of the golden share," Nippon Steel President Tadashi Imai told reporters, as per _Reuters._
* He did not elaborate but said the recent U.S. move reflected the U.S. government's policy of protecting domestic production bases and jobs across various sectors, the report said.
* Japan's top steelmaker closed its $14.9 billion acquisition of U.S. Steel in June, agreeing to give Washington unusual power to help end its 18-month battle to reach a deal.

MORE ON NIPPON STEEL CORPORATION, NIPPON STEEL TRADING CORPORATION

* Nippon Steel Corporation 2025 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4808238-nippon-steel-corporation-2025-q1-results-earnings-call-presentation]
* Nippon Steel Corporation (NPSCY) Q1 FY2025 Earnings Call Transcript [https://seekingalpha.com/article/4808236-nippon-steel-corporation-npscy-q1-fy2025-earnings-call-transcript]
* Trump’s ‘Golden Share’ reportedly blocks US Steel plans for Illinois plant [https://seekingalpha.com/news/4496793-trumps-golden-share-blocks-us-steel-plans-illinois-plant]
* Explosion at US Steel's Clairton plant presents challenge to Nippon’s investment plans - WSJ [https://seekingalpha.com/news/4485524-explosion-at-us-steels-clairton-plant-presents-challenge-to-nippon-s-investment-plans-wsj]
* Historical earnings data for Nippon Steel Corporation [https://seekingalpha.com/symbol/NPSCY/earnings]